Buyers Looking For Deals In Foreclosed Homes | WAMU 88.5 - American University Radio

: News

Buyers Looking For Deals In Foreclosed Homes

Play associated audio

By Natalie Neumann

More than 85 foreclosed properties in the area will soon have new owners. Buyers came looking for a deal at yesterday's auction for foreclosed homes.

Close to 100 people from rental companies, investors hoping to resell and families looking to buy a new home attended the foreclosure auction at the Renaissance Washington, in downtown D.C.

Rebecca and Luke Wilson own a condo in Columbia, Maryland, but they’re looking for something bigger at a good price.

“We’re just hoping to get something as cheap as possible," says Rebecca.

"We’re having a baby so we’d just like some more room and this house seems like it's going at a good price,” says Luke.

The Wilsons bid on a three bedroom home in Elkridge, Maryland. But halfway through the auction the price went above what they were willing to pay.

“We weren’t willing to pay market price. That’s why we went to an auction,” says Luke.

Rebecca says it wasn’t their dream home, but says if another action pops up, they’ll try their luck again.

NPR

'Night At The Fiestas' Spins Stories Of Faith And Family

Kirstin Valdez Quade's debut book of short fiction is inspired by her family and its long history in the "romanticized" region of northern New Mexico.
NPR

Not Just Sugary-Sweet, Hard Cider Makes A Comeback

Cider is the fastest-growing alcoholic beverage in the United States. Much of that growth is driven by big industrial producers, but smaller cider-makers are looking for a larger bite of the apple.
NPR

Nigerian President Faces Tough Reelection Campaign

Nigerians head to the polls Saturday to vote for their new president. The incumbent Goodluck Jonathan faces former military leader, Muhammadu Buhari, who says he's tough on security and corruption.
NPR

App That Aims To Make Books 'Squeaky Clean' Draws Ire From Edited Writers

Clean Reader — an app designed to find, block and replace profanity in books — has drawn considerable criticism from authors. This week, makers of the app announced they would no longer sell e-books.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.